Key benchmark indices edged lower as world stocks fell on concerns about the US "fiscal cliff" and the euro-zone economy. Market reversed direction after
a lower opening triggered by negative Asian stocks. It weakened to hit fresh intraday low in afternoon trade. Realty and PSU stocks plunged. IT stocks fell on concerns about upcoming fiscal challenges for the United States. Tata Steel dropped after weak Q2 numbers. State Bank of India (SBI) fell as the bank's bad loans rose in Q2 September 2012. Power Finance Corporation dropped after Q2 result. The market breadth was weak. On BSE, 1,733 shares declined and 1,122 shares advanced.
a lower opening triggered by negative Asian stocks. It weakened to hit fresh intraday low in afternoon trade. Realty and PSU stocks plunged. IT stocks fell on concerns about upcoming fiscal challenges for the United States. Tata Steel dropped after weak Q2 numbers. State Bank of India (SBI) fell as the bank's bad loans rose in Q2 September 2012. Power Finance Corporation dropped after Q2 result. The market breadth was weak. On BSE, 1,733 shares declined and 1,122 shares advanced.
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